Gold steadied on Monday after falling to two-week lows in the previous session on comments from Federal Reserve Chair Janet Yellen that reinforced expectations of an increase to U.S. interest rates this month.
Gold was down 0.2 percent at $1,231.7 an ounce by 1243 GMT, after Friday's slide to $1,222.51, the lowest since Feb. 15.
Yellen said last week that the Fed was poised to lift benchmark U.S. interest rates provided that jobs and inflation data held up -- comments seen as cementing plans for an increase at the March 14-15 meeting.
Higher U.S. rates would boost the U.S. currency and make dollar-priced commodities more expensive for holders of other currencies.
The U.S. monthly jobs report on Friday includes the non-farm payrolls, seen rising by 190,000 in a Reuters poll.
Traders say that geopolitical tensions created by North Korea firing four ballistic missiles into the sea off Japan's northwest coast were helping gold.
European elections are also a source of uncertainty; gold will get support from that.
Source Yahoo Finance
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